Beyond Philanthropy: The Cisco Foundation's Commitment to Thriving Communities
Rhea-AI Summary
The Cisco Foundation has released its FY24 Impact Report, highlighting significant achievements in global community impact. Through strategic partnerships, the foundation reached over 170 million people in more than 100 countries. Key metrics show that 40% of funded solutions reach over 1 million people annually, and 97% of partners secured additional funding attributed to Cisco's support. The foundation emphasizes that 81% of partner organizations maintain local staff presence, ensuring community-focused approaches. The report also updates on their $100M Climate Regeneration commitment introduced in FY21, which combines grant funding for non-profits with investments in climate initiatives.
Positive
- Reached over 170 million people across 100+ countries
- 40% of funded solutions reach 1M+ people annually
- 97% of partners secured additional funding through Cisco's support
- $100M commitment to Climate Regeneration initiatives showing progress
Negative
- None.
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By Brian Tippens, Charu Adesnik
NORTHAMPTON, MA / ACCESSWIRE / November 14, 2024 / Cisco Systems Inc.
Cover of the 2024 Cisco Foundation Impact Report
For over 25 years, the Cisco Foundation has been on a mission to shape the future through a deeply held commitment to the greater good.
A mission to create a healthy planet. Thriving communities. A world in which everyone can reach their full potential.
Our mission has never been more important. And the Cisco Foundation continues to expand the ways we fulfill it - bringing the best of Cisco's technology, resources, and expertise to develop innovative solutions for the critical challenges facing our people, planet, and society.
Introducing the Cisco Foundation's FY24 Impact Report
After surpassing our ten-year One Billion Lives goal in FY23, we felt inspired to share lessons learned, celebrate the transformative work of our partners, and actively communicate our approach.
In the Cisco Foundation's FY24 Impact Report, we aim to do just that. We dive deeper into our investment model, our partnership approach, how we define and measure impact, and highlights of the results we achieved over the past year.
Through our partnerships, more than 170 million people were positively impacted in more than 100 countries, in every region of the world. Beyond the number of people reached, the depth and sustained impact of our investments is clear.
Forty percent of the solutions we have invested in today are reaching more than 1 million people per year-advancing successfully from idea to scale
Ninety-seven percent of our partners have secured new funding which they directly attribute to Cisco's support-evidencing the catalytic nature of our investments
Fifty-six percent of our partners operate on less than
$5 million annual operating budget-proving that small organizations can have an outsize impactEighty-one percent of our partners have more than 75 percent of their staff based in the country their programs operate-showing the importance of a proximate, client-centric, and community-focused approach
Our commitment to driving impact beyond philanthropy
Within the report, we've also featured stories of the impact our non-profit partners are having in communities in every region of the world. Each of these stories shines a light on how our unique approach drives extraordinary impact.
The Foundation's cash grants to our nonprofit partners are just the beginning of what we contribute. The powerful combination of Cisco's in-kind technology donations and the expertise and engagement of our Social Impact and Innovation teams and leaders and employees across our global company is what helps our partners build solutions that generate exponential impact.
We also continue to innovate - in FY21 introducing a
For Cisco, what we contribute is beyond philanthropy - it is integral to who we are and how we choose to impact the world around us.
We believe that continuing to share our journey will help our customers, our partners, our suppliers, and organizations of any type and size start to leverage their own unique strengths to move beyond philanthropic giving and begin to change the world for the better in new and fulfilling ways.
Together, we can usher in a new era of impact, developing solutions to the greatest challenges facing people, planet, and society with the power to change billions of lives.
Moving forward - our next big ambition
Since announcing our One Billion Lives achievement, we've been hard at work turning what we now envision as possible into our next big ambition.
Backed by our company's laser focus on our purpose to power an inclusive future for all, we've decided our path forward will feature innovative solutions to deepen our impact to specific underserved communities across the globe.
Our upcoming Cisco Purpose Report will feature a glimpse of our new aspiration - and give you a preview of the exciting solutions and partnerships that will focus on what matters most in these communities and drive generational impact.
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SOURCE: Cisco Systems Inc.
View the original press release on accesswire.com
FAQ
How many people did Cisco Foundation's initiatives impact in FY24?
What percentage of Cisco Foundation's solutions reach over 1 million people annually?
How much did Cisco commit to Climate Regeneration in FY21?
What percentage of Cisco Foundation partners secured new funding?
